FRANKFURT (MNI) – The German federal government sold E4.04 billion
in new 6-month bubills at a weighted average yield of 0.1923%, the
Bundesbank announced Monday.
The weighted average yield was lower than the 0.2631% yield at the
last 6-month sale May 10.
The average price of today’s auction was 99.90661 and the highest
accepted yield was 0.195%. 100% of bids at the highest accepted yield
were accepted.
There were E10.815 billion in bids for the bubills, including
E3.495 billion in non-competitive bids. 100% of the non-competitive bids
were accepted.
The bid/cover ratio (excluding retention) was 2.2, higher than the
1.7 b/c at the May 10 auction. The government retained E160 million of
the issue, bringing total issue volume to E5 billion, as planned.
The bubills will settle on Wednesday, June 16 and mature on
December 8, 2010.
–Frankfurt newsroom: +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$G$$$,M$$FI$,MGX$$$]
